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Correlations

USD/CHF SELL SIGNAL Hey tradomaniacs, welcome to a new free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! USD/CHF: Daytrade-Preparation Market-Sell: 0,91395 Stop-Loss: 0,91675 Target 1: 0,91160 Target 2: 0,90990 Target 3: 0,90760 Stop-Loss: 28 pips Risk: 0,5 % - 1% Risk-Reward: 2,30 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
Wondering why GOLD drops? Here is WHY!Hey tradomaniacs, lots of Robin-Hood-Traders are asking themselfs: Why is gold and silver dropping? Well it can have a lot of reasons such as Profit-Saves due to the overbought situation, the fact that stock-market continues to climb and SPX500 is almost at its All-Time-High (portfolio turnover). It can be the fact that DXY (US-DOLLAR-INDEX) is oversold and so likely to retrace. There can be a lot of reasons but one very obvious correlation that makes sense: US BONDS YIELD went straight up after hitting an all-time-low. Why is that? When there is still uncertainy and fear the stock-market all the institutional traders are looking for save havens. Save havens are usually alternatives to stocks such as metals, currencies like YEN and CHF or BONDS as you get a safe and fix return for your investment. But what if the interest rates are too low? You look for alternative assets which are not interest. Gold has always been a save haven, which is the reason why the current rally makes no sense. Why would CHF, YEN, metals such as Silver and Gold climb at the same time? Because the market is uncertain! Gold currently has a negative correlation with US-BOND-YIELDS as it is a no interest asset and a good alternative for a low-interest-market. Watch these YIELDS when you do your analiysis for gold. ;-) LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
FOREXCOM:XAUUSD
by Trading2ez
1
BTCUSD stalking gold?Hello friends, make sure to hit the like/follow button to show support on my analysis and check my previous ones . If you have followed me you may notice I only post Gold trading ideas. Well I started studying pair correlation along my journey with gold and it has been a rewarding experience. There are many pairs that you can compare and contrast with gold: AUDUSD ; NZDUSD ; EURUSD ; USDCAD ; USDCHF ; USOIL ; XAGUSD I will start to post trade ideas for these pairs here to keep myself accountable, if you have any trade ideas feel free to comment as I'd love to learn more about them. As always trade accordingly and this post is for educational purposes not financial advice.
BITSTAMP:BTCUSD
by Cangaceiro
My Favorite Dip of the Day: CWHRight now, looking at CWH with earnings and everything, I see why people are concerned. They are bidding against Marcus because earnings during a pandemic for commercial RVs are seemingly low. However, this is expected. Given retail had a huge hit and not lots of people would be outdoors, camping supplies, RVs, etc. aren't expected to have higher growth in sales. Also, I expect Camping World's business strategy is diversification over time likely into a holdings company. Until that happens, the risk isn't too high given the volume for demand will likely increase post-covid. Historically, this stock had some stable price correlations. This is why I think as a long hold, today may be a decent entry given the dip. Invest in the red, sell in the green is usually the most profitable way to go. That being said, please keep in mind everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own due diligence.
NYSE:CWHLong
by gamer456148
Decline Continuing: < $25 TargetRight now, I think Nikola's sentiment is still negative correlations and the 2023 plant isn't big enough news to dramatically effect its financials. I'm still keeping a close watch on it for potential retracement curves, but think support levels and brand equity still have ways to go. I expect with the current decline and previous correlation waves, this should dip to at least $25 if not lower quite soon. Currently, I'm in the short position. That being said, everything I say is on an opinion based basis. Please proceed with caution and do your own due diligence. Invest at your own risk.
NASDAQ:NKLAShort
by gamer456148
I'm Short on Wayfair, here is whyThere are logical reasons on why Wayfair might meet some resistance quite soon. Looking at the previous bearish run and the current curve, it looks like the fractals are already setup towards its peak for the current wedge. Right now, slight resistance can trigger the bullish pattern quite easily to retest and retrace back downwards. I feel it is too risky of a buy. That being said, everything I say is as an opinion based basis. Sale, hold or buy at your own risk. Pursue your own due diligence as this is not meant to be taken as actionable financial advice.
NYSE:WShort
by gamer456148
MELI and SE CorrelationMercadoLibre ( NASDAQ:MELI ) and Sea Limited ( NYSE:SE ) are two highly correlated stocks in the same sector (Internet entertainment/e-commerce). Since SE had a 50% increase in the second half of 2018 (marking the beginning of the market-cap similarities), their correlation began, and SE's large moves (or lack thereof) are highly likely to be precursors to moves from MELI, making it a rare case of a leading indicator unlike most (i.e. RSI and MACD which are lagging indicators). As these moves take time (usually about 3-6 weeks), these plays are for multi-week/month traders who seek consistent returns. I've annotated the correlation plays within the last two years which should serve as a framework for anyone seeking to take advantage of these opportunities in the future. TL;DR: SE and MELI are highly correlated, and, as annotated in the analysis, SE is a leading indicator for MELI generally speaking. The areas of big moves by SE are usually precursors for big moves by MELI, and areas of consolidation by SE are usually indicators that MELI's big moves will reverse. Ideal time frame: 2-6 weeks per trade. As always, do your own due-diligence, never risk too much per trade, have your own plans and targets, and be responsible. Chart image without volume:
NASDAQ:MELI
by Ricardo_N
Full Stock Report - Netflix Inc. - A strong growth story!Due to Netflix’s huge expansion globally and the great quality of new products and features it provides subscribers with, leading to its great financial performance in the past few quarters, the share price of the company has been very bullish since the 3rd quarter of 2019. The stock was trading at only $253 in the end of September 2019 when the company beat analysts’ expectations for the 3rd quarter of last year and delivered better than expected earnings for the quarter, which immediately led to a huge buying interest among investors who started pushing the stock higher. The price started heading higher and formed a very strong bullish trend that lasted until the beginning of March 2020 where the stock reached its peak for the year at $392. Yet, due to the coronavirus pandemic and the huge sell-off across the stock market all around the world, Netflix’s stock depreciated as well, reaching the lows at $291 two weeks later. Yet, as we have mentioned earlier, the social distancing and the fact that people have been staying at home have given investors a signal that the correction back then was a great buying opportunity, giving them a chance to boost their profitability to the upside, considering the great financial performance of the stock and the even stronger expectations for the 1st quarter earnings report. Thus, investors started buying aggressively and that led to a massive bullish rally in the past 1.5 months, sending the price from $291 to $450. In fact, this was a new all-time high, since the previous record was reached back in 2018 when the stock reached its peak at $420. Since the company reached its new record high on the stock on the 20th of April we have seen a bit of profit-taking interest, which has ultimately sent the price down towards the key support at $394-$400 where investors started buying again earlier today, thus pushing it back up towards the current $419 level. After analyzing all the above-mentioned factors and the huge financial success of the company, we believe in the longer-term success of the company and would like to add Netflix to our portfolio. Therefore, we need to decide at what price we would like to buy the stock in order to maximize our followers’ profitability to the upside. Moreover, we are taking into consideration that the situation with the coronavirus has started improving and countries are slowly getting out of the recent lockdown, which would also motivate investors to seek great buying opportunities on leading stocks, such as Netflix. Going back to our previous point, the daily chart shows the key psychological support at $394-$400, which used to be a strong resistance level that was broken in the middle of April during the huge buying activity on the stock, where investors pushed it towards the new record of $450. As soon as investors started cashing in some profits and the price reached the lows at $394-$400 there was a lack of further selling activity and that could easily be seen on the chart, which shows that as soon as the price reached the $400 support investors started buying again, taking advantage of the short-term profit-taking correction and sending the price towards the $419 already. In fact, the middle Bollinger band line matches with the key support at $400, while the RSI is still heading higher at the current levels at 55. The Stochastics indicator has already crossed down in the overbought territory during the recent correction that has taken place and is now close to reaching the oversold area where it will be giving further bullish indications as well. Furthermore, the Fibonacci retracement at 38.20% matches perfectly with the support at $400, giving a further buying indication at that key psychological support level. As you know, our correlation-confirmation model gives us a chance to identify great market movements and therefore be able to maximize our profitability on different stocks. Yet, before we buy the stock we need to get a confirmation from some of the biggest ETFs and make sure they confirm our bullish stance on the stock. You can find our full correlation confirmation analysis if you follow us everywhere! Therefore, the current price movement on both XLY and SPY confirm our bullish stance on the Netflix stock and give us a further indication that buying the stock at the strong psychological level at $395-$400 would give us a chance to make high profits to the upside. Therefore, considering that Netflix is currently standing at $419 we would prefer to wait for a short-term profit taking correction towards the support at $400 where we will start buying the stock aggressively. In case the price makes a further drop we will be interested in adding more to our buy positions at the next strong support mark currently standing at $380, which will give us a chance to improve our average cost basis and maximize our profitability to the upside. We will be looking to cash in some of our profits when the price reaches our first target at $420, followed by the longer term target at $450-$460 where we will be fully cashing in our profits and waiting for another correction that would give us a chance to buy again and boost our followers’ profits again.
NASDAQ:NFLXLong
by DowExperts
GOLD vs USD/JPY: ALERT - FLASH CRASH 2020Hi Guys, there is a huge divergece between these two charts and maybe the start of the new year is a good moment to make an adjustment. Gold made a strong move above A. USD/JPY did not. Is it possible for USD/JPY to fall below 100? What could cause such a move? What happens if it is not a flash crash but it is prolonged? What would happen to Nikkei and Japanese economy? If Gold keeps moving higher, will USD/JPY move finally towards A and maybe cross below 100? Can this all happen in a FLASH CRASH? What if it happens to Gold instead? Just for easy reference here a link to a video on Youtube in respect of 2019 Jan Flash Crash. www.youtube.com Please share your view and for additional infos about Gold have a look to the related ideas linked at the end of this post. If you have any questions or comment to add please do not hesitate to post it. Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
OANDA:XAUUSD
by cozzamara
3
EW Analysis: BTCUSD And Friends In The Corrective PhaseHello traders! Welcome to the Crypto Quick Overview chart with major cryptocurrencies of BTCUSD, ETHUSD, LTCUSD, DSHUSD , XRPUSD and BCHUSD in which we will show you how the cryptocurrencies look from Elliott Wave perspective. In the Crypto market it's important to respect correlations, because they are most of the time moving together in positive correlation. Of course, there are no tick by tick correlations, but when analyzing it's very recommended to respect them! Well, what we currently see is a corrective development within downtrend in all major cryptocurrencies, which means that Cryptos can see more weakness in the upcoming sessions, so they can be easily headed back new lows after these slow price actions and choppy + overlapped wave structures! What we want to say is that don't fall in love with bulls just yet, because we see room for another, maybe the final wave down in the higher time frame charts and once/if they hit new lows, this is when we will expect a bullish reversal, but as always we need confirmations, which we currently don't have them yet! Be humble and trade smart! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BITSTAMP:BTCUSDEducation
by ew-forecast
1
ETHBTC, XRPBTC in Lockstep. LINKUSD Showing Similar Structure?Interesting correlation here between ETHBTC and XRPBTC. This same pattern can be seen on many alts atm, including LINKUSD, and BATBTC. For link specifically, the question is whether there's further gains on the horizon. Refer to my first post shared below for my opinion on LINKBTC. Second post for reliable LINKUSD pitchfork. Third, BATBTC and fourth, my outlook on my macro outlook on BTCUSD (the fundamental driving this alt run).
by see_are_em